For the Three Months Ended March 31,

2026

2025

Revenue

$

—

$

2,302

Less:

Research and development program expense

Program expense

18,457

3,998

Consultants and contractors expense

3,895

3,209

Compensation expense

15,390

11,270

Other segment expense(a)

4,668

5,354

Consolidated net loss

$

(42,410

)

$

(21,529

)

(a) Other segment expense included in consolidated net loss includes interest income, depreciation, insurance, travel, software and subscription services, legal, professional and consulting expense, rent and facilities expense, other general and administrative expense, impairment of long-lived assets, change in fair value of term loan, change in fair value of warrant liability and other expense.